Canadian home prices rose

Canadian home prices rose
16/08/2018 , by , in INTERNATIONAL

July from June on broad-based gains in most parts of Canada, but the price increases were small compared with historical averages for the month, data showed on Tuesday.

The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed prices increased 0.8 % on a monthly basis.

Prices rose in 10 of the 11 markets surveyed, as in May and June, Teranet said. Calgary prices were flat.

But while the published index, which measures non-seasonally adjusted sales, has risen four months in a row, the seasonally adjusted index declined for a fourth straight month, Teranet said.

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